Cover Story
The decline in eurozone prices is the most dramatic example of deflationary pressures afflicting the globe. All eyes are now on European Central Bank chief Mario Draghi and his efforts to reverse that trend.

It is essential for companies to work with banking partners they know they can trust. Global Finance’s annual ranking of World’s Safest Banks have been the recognized and trusted standard of financial counterparty safety for more than 20 years.

Global SalonGlobal Finance sat down recently with Andrew Spindler, president and CEO of the Financial Services Volunteer Corps, which has spread the gospel of sound financial systems to the developing world for the better part of a quarter of a century.

This year, we updated the name of the awards to reflect the extent to which digitization is transforming our lives in general and banking in particular. By renaming this as the Digital Bank Awards, we are making the competition more inclusive of current technology and more future-focused in anticipation of developments still to come.

Foreign Exchange

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A Time Of Profound Change By Thomas Clouse Zhang Jianguo is president and chief executive of China Construction Bank (CCB) . Global Finance: How will China´s financial system change as interest rates liberalize, capital markets develop, and ...

Transformation By Justin Keay How things change. A list of the best business, economics and finance books compiled pre-crisis would probably have focused on up-and-coming Internet companies, how to make a fortune on the stock exchange, how to invest ...

GROWTH AND DEVELOPMENT By Udayan Gupta David Wilton is chief investment officer and manager, global private equity, at theWorld Bank's IFC, with responsibility for its investment program in emerging markets funds globally. He is a member of the Pension ...

DISINTERMEDIATION AND GLOBALIZATION By Thomas Clouse Piyush Gupta is CEO of Singapore's DBS Group Holdings and DBS Bank. Global Finance: What have been the key financial trends since 1987? Piyush Gupta: On a global level, disintermediation, not just ...

MODERNIZATION By Justin Keay Back in 1987 the main recipients of foreign direct investment were developed markets, plus some of Asia's miracle economies. Emerging markets barely featured. Today Russia and Poland are in the top 25 along with India, ...

THE STARS SHINE BRIGHT By Kathryn Tully For its anniversary issue, Global Finance crunched the numbers to come up with the institutions that have won our World's Best Bank awards most often over the past 16 years. Presenting The ...

THE HUMAN FACTOR IN ECONOMIC THEORY By Justin Keay Traditional economic theory has been challenged by recent market events in global financial markets, and that challenge has given rise to a new generation of economic soothsayers who are looking ...

HISTORY AT A CROSSROADS By Valentina Pasquali Rubens Amaral is the incoming CEO of Bladex, the Foreign Trade Bank of Latin America, a supranational institution that serves the capitalization needs of banks and promotes foreign trade across the region. ...

STRONG GROWTH PROSPECTS By Valentina Pasquali José Alberto Vélez is the president of Cementos Argos, the leader in the cement industry in Colombia, with operations in the Caribbean—Panama, the Dominican Republic and Haiti—and the United States. Global Finance: ...

MECHANISMS OF GROWTH By Antonio Guerrero Twenty-five years ago, Goldman Sachs' Jim O'Neill was still more than a decade away from coining the acronym BRIC to identify the high-growth markets of Brazil, Russia, India and China—an event which signaled ...

WILL JAPAN REGAIN ITS GREATNESS? By Michael Shari Business is trying to resurrect Asia's economic miracle a year and a half after the Tohoku tragedy. Tokyo is enjoying a long-deserved renaissance. Young professionals are converging from all ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The European debt crisis remains the key focus of foreign exchange market participants, as the slowdown in the global economy increases pressure on central banks and government officials to take ...

THE POWER OF ONE By Gordon Platt Thirty-one years have passed since the six Arab oil-producing countries of the Gulf formed an economic and strategic alliance, following the outbreak of the Iran-Iraq war. Known as the Gulf ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro is likely to decline against the dollar in the medium term, due to political uncertainty in Europe and weak economic conditions, analysts say. “The eurozone debt crisis is ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The dollar rose sharply last month after the Federal Open Market Committee’s meeting in March signaled that further monetary easing is unlikely unless the US economy slows significantly or the inflation rate ...

PLATINUM MINING PROJECT PROMISES BIG REWARDS By Antonio Guerrero South Africa’s state-owned Industrial Development Corporation (IDC) has entered into a $420 million public-private partnership to develop a mine that could become one of the world’s largest platinum producers over ...

MILESTONES: GLOBAL By Valentina Pasquali Over the past few years markets have experienced declining trust in fiat money, a slow departure from the US dollar as a reserve currency and growing interest in bullion, particularly as a hedge against ...

TURKEY’S LEADING GLASSMAKER EXPANDS ABROAD By Gordon Platt Glassmaker Şişecam has a near monopoly on the glass market in Turkey, where it operates a chain of retail outlets for its Paşabahçe brand of glassware, and where its flat-glass output ...

A REGION IN TRANSITION By Vanessa Drucker Since the fall of the Berlin Wall, former Iron Curtain countries have embarked on a long road toward liberal market economies. Since the 1990s—during their accession to the European Union ...